Posts From Company Announcement
Hong Kong-Based FinTech Firm Lion Rock Raises HK$50 Million Investment
Lion Rock FinTech Limited (“Lion Rock”), a Hong Kong-based FinTech company announces that it has raised HK$50 million (6.4Mio USD) in an equity financing led by Marathon Venture Partners. 9F Inc., the strategic investor who backed Lion Rock’s last round
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2018 Forecasts and 2017 Highlights for Electronic Payments
The imminent arrival of PSD2 (championing open banking), has seen a mind-shift within banking in 2017. And payments are no exception. At Sibos 2017, I noticed that banks now realize there is a real benefit in working with fintechs. Banks
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WeLab raises US$220 million in new strategic financing
WeLab, one of the fastest growing fintech companies in Greater China, announced last month that it has raised US$220 million of combined Series B+ equity and debt strategic financing and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund,
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Thomson Reuters Partners to support Hong Kong FinTech Innovation Hub
Thomson Reuters is partnering with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to help accelerate the development of FinTech innovation by bringing technology, tools and content to the Innovation Hub launched jointly by ASTRI and the Hong
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Adyen Launches Wechat Pay on Point-Of-Sale Terminals to Process Payments for 400m Chinese Consumers
Adyen rolled out WeChat Pay, one of the most popular mobile payment apps in China, allowing Adyen merchants to offer WeChat Pay on their point-of-sale terminals worldwide. This is a key addition to Adyen’s unified commerce solution. Since 2016, consumers have
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Irish Financial Risk Solutions Comes to Asia
Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce the opening of two offices in Asia; Hong Kong and Malaysia. These are the first offices outside of Europe for the business. The decision
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Wesurance launches Hong Kong’s First Insurance App Featuring AI and eKYC
Wesurance, a Hong Kong-based InsurTech startup, takes the city’s insurance sector into a new era with the launch of the industry’s first mobile platform for insurance services in partnership with Allied World Assurance Company, Ltd and TransUnion. The platform makes
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Recent Regulatory Responses To ICOs In Asia Pacific
Regulatory authorities around the world are grappling with the rapidly spreading phenomenon of issuers raising funds by selling cryptocurrency ‘coins’ or ‘tokens’ (coins) which may give holders certain rights, or may only have purely speculative value. Most regulators now take
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Launch Of Cyberport Investors Network To Drive Deal Flow
The Cyberport Venture Capital Forum 2017 (CVCF) successfully concluded s. The two-day (1-2 November) forum has gathered the world’s influential venture capitalists, investors, key industry players and stakeholders as well as digital tech start-ups at Cyberport to share insights on
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Souche Raises $335 Million In Series E Round Led By Alibaba To Build A New Retail Ecosystem In Automotive Industry
SouChe (literally meaning Search Car in Chinese) announced that it has closed its Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. This round is less than 12 months from the $100 million Series
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